Malta has best climate in the world – International Living
Don’t be embarrassed if you can’t pinpoint Malta on a map. It’s not on everyone’s radar, and mostly unheard of by Americans…
Five awards for Frank Salt Real Estate at European Property Awards
‘The objective of these awards is to accomplish excellence in the property industry worldwide and to promote an international standard’
New permanent resident scheme announced
High net worth individual who are eligible have the right to pay tax at a beneficial rate of 15% on foreign source income (with the possibility to claim double taxation relief), subject to a minimum payment of €20,000 per annum, plus an additional minimum tax of €2,500 per dependent
Malta among countries least exposed to natural disasters
Malta is second only to Qatar as the country in the world that scored the “lowest risk” of natural disasters and climate change, according to a report issued earlier this month by the United Nations. The new WorldRiskReport 2011, issued by the United Nations University Institute for Environment and Human Security (UNU-EHS) and edited by [...]
Finance Minister interviewed
The forthcoming issue of The Property Standard features an exclusive interview with Finance Minister Tonio Fenech ahead of the announcement of the 2012 Budget. Mr Fenech told TPS that Government is expecting a “relative recovery” in the property market, with marginal increases in duty on documents both this year and next. While the potential supply [...]
Malta has best climate in the world – International Living
Don’t be embarrassed if you can’t pinpoint Malta on a map. It’s not on everyone’s radar, and mostly unheard of by Americans…
International Living magazine has placed Malta at the top of its World Ranking for The Best Climate in the World in its 2011 Annual Quality of Life Index (www.internationalliving.com).
In her introduction to the special report on the World’s Best Climates, IL publisher Jackie Flynn writes: “For many people, an important consideration when moving overseas is the weather. Usually we yearn to escape harsh winters, snow, rain… and dream of living in a place where the sun shines every day and you don’t have to worry about scraping ice from your car before heading out to buy some milk!”
Climate is, of course, highly subjective, she continues: “Some people like to have a sharp, cold winter followed by a long, warm summer. Others want to eliminate the cold altogether and have sun year-round. And others prefer a more temperate climate… not too hot, not too cold, just somewhere in between.”
Five awards for Frank Salt Real Estate at European Property Awards
‘The objective of these awards is to accomplish excellence in the property industry worldwide and to promote an international standard’
Frank Salt Real Estate Limited has won the award for the Best Lettings Agency in Europe at the European Property Awards, apart from winning all four local categories which it entered – Malta’s Best Real Estate, Malta’s Best Lettings Agency, Malta’s Best Real Estate Marketing and Malta’s Best Website with www.franksalt.com.mt.
The awards were announced at an event during which Europe’s finest real estate agents, developers, architects and interior designers attended at The Park Lane Hotel in Mayfair, London, on Friday, 23 September.
In the words of Stuart Shields, Chairman of the International Property Awards: “The objective of these awards is to accomplish excellence in the property industry worldwide and to promote an international standard.”
New permanent resident scheme announced
High net worth individual who are eligible have the right to pay tax at a beneficial rate of 15% on foreign source income (with the possibility to claim double taxation relief), subject to a minimum payment of €20,000 per annum, plus an additional minimum tax of €2,500 per dependent
Finance Minister Tonio Fenech unveils the new permanent resident scheme aimed at high net worth individuals with (on right) John Huber, an officer of the Malta Chamber of Commerce, Industry and Enterprise (Photo – Reuben Piscopo, DOI)
With effect from today the permanent resident (PR) scheme is giving way to a new scheme granting special tax status to high net worth individuals.
Speaking at the Malta Chamber of Commerce, Finance Minister Tonio Fenech said the new scheme truly targets high net worth individuals (HNWI) rather than residents and ensures that only fit and proper applicants are accepted.
Other aims of the new scheme are to ensure the individuals attracted leave proper value in the country, allowing economic activity for which they will be taxed, social cost liabilities to future generations are limited and the tax residency of these individuals will fall in line with Malta’s international obligations and current international tax norms.
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